Woodbury: Farm Family Business
Lance Woodbury DTN Farm Business Adviser
Tue Nov 27, 2012 02:17 PM CST

Business success is often the result of several factors: sound business strategy, financial acumen, wise capital decisions, hard work and discipline, good leadership ... the list goes on and on. Family business success -- particularly because of the family dynamic or system -- includes another key ingredient: the willingness to be vulnerable to others.

What I mean by being vulnerable in a family business context is primarily the willingness of all family members to "own" their weaknesses; to admit they are not very good at some of the things that may be expected of them; to confess they may not ...

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